Traders sold shares of Synchrony Financial (NYSE:SYF) on strength during trading on Thursday. $17.37 million flowed into the stock on the tick-up and $43.07 million flowed out of the stock on the tick-down, for a money net flow of $25.70 million out of the stock. Of all stocks tracked, Synchrony Financial had the 18th highest net out-flow for the day. Synchrony Financial traded up $0.49 for the day and closed at $32.87
A number of brokerages have commented on SYF. BidaskClub lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a report on Saturday, July 22nd. JMP Securities boosted their price objective on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday. Barclays PLC set a $40.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a report on Monday. Finally, BMO Capital Markets reissued a “buy” rating on shares of Synchrony Financial in a report on Friday, July 21st. Twelve analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $36.63.
The company’s 50-day moving average is $30.59 and its 200-day moving average is $29.89. The stock has a market cap of $26.14 billion, a price-to-earnings ratio of 12.34 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. Analysts expect that Synchrony Financial will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of Synchrony Financial stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.
Large investors have recently bought and sold shares of the business. Westside Investment Management Inc. grew its position in Synchrony Financial by 32.1% in the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the period. First Quadrant L P CA grew its position in Synchrony Financial by 55.4% in the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 1,328 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Synchrony Financial by 39.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,280 shares during the period. State of Alaska Department of Revenue grew its position in Synchrony Financial by 19.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Synchrony Financial by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 486 shares during the period. 87.03% of the stock is owned by institutional investors and hedge funds.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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